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Kent Car Finance Options

Westwood4finance are a Kent car finance specialist, we are able to get you the most competitive low rates for used car & van purchases, relative to your circumstance and credit profile, we are able to choose from a host of car loan options available.

We have an increasing panel of car and van loan lenders and can provide car financing for all employment types, from directors to self-employed hairdressers, builders and solicitors, we can even help some customers who receive benefits as an income or need to purchase a car and have a history of bad credit.

westwood 4 finance are able to offer sameday financeEven if you have bad/poor car credit or have been refused in the past don’t let this worry you, we can usually still help. Customers we have helped in the past include those with CCJ’s, arrears, defaults and even those in debt management plans.

As a responsible company if we feel that a product is not in your best financial interest then we will let you know. We endeavour to help all of our clients but we cannot guarantee the offer of any of our car buying products.

Based in Kent just a few minutes from Dartford and Gravesend we have been offering assistance with car and van purchases for over 30 years and have contacts with most of the major lenders such as Blackhorse, Motonovo, Santander to name but a few.

Whilst we stock a wide range of cars and vans, we are also able to arrange loans for any car purchased from any reputable car dealer anywhere in the country, simply complete the application form and let us do the rest! we will even pay the dealer direct taking all the worries of the financial transaction away from you. 

Different Used Car Loan Deals Available:

Hire Purchase

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Car Lease Purchase

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Car PCP

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Hire Purchase

Hire Purchase is probably the simplest and most common type of car loan.

It will typically (but not always) consist of a small deposit, followed by payments in regular installments over the duration of the agreement, followed by a single final payment.

You are in effect hiring the vehicle up until you make the final payment, after which you will own the vehicle.

Lease Purchase

A Car or Van Lease purchase is a conditional sale agreement which is ideal for people looking to buy high-end, premium or luxury vehicles.

They usually require ‘advance payments’ (a set number of monthly installments) to begin with. These are in essence the equivalent of a deposit. An amount will be ‘deferred’ until the end of the agreement, the sum of which will depend on the age and mileage of the vehicle at that time the agreement comes to an end.

Regular installments are then paid in between the start and end dates of the agreement. The ‘deferred’ sum must be paid at the end of the agreement and you will then own the car.

Personal Contract Purchase (PCP)

A Personal Contract Purchase (PCP) is good for allowing people to buy a more expensive vehicle than they might otherwise be able to afford because the monthly payments involved are smaller than that of other finance types. The amounts are based on the amount the vehicle will depreciate over the course of the agreement rather than the vehicles’ total price.

This type of agreement, is therefore only available to applicants with a good credit history (for more information on credit ratings please check out our How do you rate? section.

A Personal Contract Purchase (PCP) will involve the payment of an initial deposit, to be followed by fixed monthly payments over the length of the agreement. You will not own the car unless you pay an optional fee at the end of the agreement (this will be higher due to the lower monthly repayments). Due to the fact that milage effects the size of your monthly repayments you will also need to stick to an agreed annual mileage quota (any mileage used above this will therefore also incur additional charges).

How do you rate?

Click below to reveal more information on each credit rating and find out how you might rate for credit:

Excellent Credit Rating

A candidate with an Excellent Credit Rating would match the following criteria:

  • Long term resident at current address plus electoral roll history
  • Homeowner or long term tennant
  • Long Term in current employment
  • Long credit history (Mortgage / Loans / Credit Cards)
  • Less frequent applications for credit
  • No missed credit payments

Good Credit Rating

A candidate with a Good Credit Rating would match the following criteria:

  • Long term resident at current address plus electoral roll history
  • Homeowner or long term tennant
  • Long Term in current employment
  • Long credit history (Mortgage / Loans / Credit Cards)
  • Less frequent applications for credit
  • Rarely missed credit payments

Average Credit Rating

A candidate with an Average Credit Rating would match the following criteria:

  • Frequent changes of address and inconsistent electoral roll history
  • Recent changes in employment
  • Frequent applications for credit
  • High Levels of debt in comparison with income
  • Occasional late payments or breaking of credit card limits
  • History of Defaults or CCJ's of small value

Poor Credit Rating

A candidate with a Poor Credit Rating would match the following criteria:

  • Frequent changes of address and inconsistent electoral roll history
  • Recent changes in employment
  • Frequent and recent applications for credit
  • High Levels of debt in comparison with income
  • Recent late payments and breaking of credit card limits
  • History of Defaults or CCJ's

Email

info@westwood4finance.co.uk

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